Morballet Inc

Analysis

Morballet Inc is a registered charity in United States, based in Hastings HDSN, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Morballet Inc reported income of $193k and spending of $178k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $121k to $193k (+60%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 60%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Morballet Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Laughing Stock Theatre Company ($193k), Lira Ensemble ($193k) and Bay Area Omni Foundation for the Performing Arts Inc ($193k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.5% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.